Odfjell Terminals continues the development of the first dedicated ethylene export terminal in the US at our Houston facility in Texas. Final investment decision is not taken

The Board of Directors has recommended a dividend of NOK 1.50 per share to be voted on at the Company’s Annual General Meeting 11 May

“We expect 2017 to remain challenging, but our underlying operational performance is stable. Over the past two quarters we have taken crucial steps in renewing our core fleet at a very low point in the price cycle”, said Kristian Mørch, CEO of Odfjell SE.

Prospects:

2017 remains challenging, and we expect the 2Q17 timecharter results to be marginally lower than 1Q17. In a long-term perspective, we believe our markets to be fairly balanced and to gradually improve.